So forget the BRICS, or even IBSA. The newest grouping is MIKTA. MIKTA stands for Mexico, Indonesia, Korea, Turkey and Australia. All these countries are members of the G20. It would seem that the group met at the margins of the UN General Assembly opening.
Monthly Archives: October 2013
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Tiptoeing to Freer Markets – China and the Shanghai Pilot Free Trade Zone
I apologize to all those who regularly read these posts. They have, unfortunately, failed to be regular recently.
But I have been out there in the wide world – first in Russia at the St. Petersburg Summit and all last week in China. I shall report more on both these trips in the near future.
I did want to report, however, on an interesting experiment now underway – at least as of Sunday September 29th – China’s Shanghai pilot free trade zone (FTA).The FTA, it appears, is the cutting edge of the new leadership’s effort to bring more market and less regulation to China’s economy. The FTA is 29 square kilometres in the north eastern section of Shanghai – stringing together areas of docks, hangars and warehouses in the Pudong district.